Product Data Management (PDM) is a vital management practice for businesses, both small and large. Put simply, it’s the process of managing data relating to products throughout their life cycle, from design to production to delivery. By having a system that stores, organizes, and tracks product data, companies can better manage their inventory, ensure the accuracy of their information, and increase efficiency. In short, PDM is a powerful tool for businesses which helps them to stay organized and remain competitive in today’s rapidly changing market.